West Suburban, IL (August 15, 2022)– School is underway, and fall is just around the corner, but buyers still have time to be settled into a new construction home before the autumn leaves touch the ground at communities in Campton Hills and Elburn.
“Buyers are eager to move before interest rates increase and the colder temperatures are upon us,” said Jaynelle Then, Sales Director for Shodeen Homes, a family-owned-and-operated builder for over 60 years. “We’re offering some of our most popular ranch and two-story homes for quick delivery and brimming with today’s most desired options and upgrades. Homes at Norton Lake in Campton Hills, which was recently named Illinois’ #1 safest city, are priced from the low $700s. We also have a ranch with walkout basement ready now at Elburn Station and a final opportunity to own new at Blackberry Creek, also in Elburn.”
While interest rates have seen an uptick, experts reinforce the benefits of home ownership, particularly in relationship to renting. According to the Federal Reserve’s 2020 Survey of Consumer Finances, if you’re a homeowner, chances are you’re worth much more than someone who rents. The study goes on to say homeowners have a net worth that is more than 40 times greater than their renter counterparts, which reinforces the idea that owning a home is a smart financial move.
“Historically, interest rates are still at very affordable levels and in recent weeks rates have started edging lower,” said Ken Crowder, Residential Lender at Old National Bancorp. “We are also seeing customers take advantage of some of the adjustable loan programs (ARM’s) that offer lower rates. For customers buying new construction homes, certain lenders are offering programs where customers can lock in interest rates for extended periods of time while their house is being completed. These programs are designed to hedge the risk of rising interest rates and have shown to be very beneficial.”
The two-story Parker Farmhouse features 3,003 square feet of living space with four bedrooms, 3 ½ baths, full, deep-pour finished lookout basement with bathroom and four-car garage. Additional highlights include 9-foot first-floor ceilings, wide plank engineered wood flooring, study with French doors, gourmet island kitchen, formal dining room, family room with fireplace, master bedroom suite with vaulted ceiling, large walk-in closet and luxury bath and three secondary bedrooms each with a walk-in closet.
Offering 2,579 square feet, the Southfork ranch is also available with three bedrooms, two baths, full deep-pour basement and oversized three-car garage. The gourmet island kitchen with 42” upgraded white cabinets opens to the family room with fireplace as well as a daily dining area and formal dining area, master bedroom suite with tray ceiling, two walk-in closets and private luxury bath, study and two secondary bedrooms served by a full hall bath.
The 2,608-square-foot Northstar ranch with three bedrooms, study, two baths, deep-pour lookout basement and three-car garage. The kitchen features an oversized island, white 42” upgraded cabinets, granite countertops and stainless-steel appliances, wide plank engineered wood flooring is in the living/dining areas, great room with vaulted ceiling, master bedroom with tray ceiling, walk-in closet and private luxury bath with upgraded shower and seat and upgraded tile and lighting packages.
Priced at $524,900, the two-story Palmetto IV at Blackberry Creek in Elburn offers 2,694 square feet of living space with five bedrooms, 2 ½ baths, wide plank low maintenance Inhaus laminate flooring throughout most of the first floor, open, island kitchen with upgraded 42″ kitchen cabinets, granite counters and stainless steel appliances, first floor den or bedroom, family room with fireplace, formal dining room, flex room, master bedroom suite with luxury bath and two walk-in closets, second floor laundry, concrete patio, full basement and three-car garage.
Also in Elburn, the 1,840-square-foot Greenfield ranch is available at Shodeen’s newest master-planned community, Elburn Station. Priced at $424,700, the Greenfield features three bedrooms, 2 ½ baths, open, island kitchen with upgraded 42” cabinets, granite countertops and stainless-steel appliances, great room with fireplace, master bedroom with private luxury bath and walk-in closet, full, unfinished walkout basement and two-car garage.
Both Blackberry Creek and Elburn Station are served by Kaneland School District #302. Elburn Station is a 505-acre AT&T Fiber community boasting 99% connectivity reliability and is also within walking distance of the Metra Train Station and downtown Elburn. The community also includes the 20-acre Elburn Station Community Park with soccer and lacrosse fields, pickle ball courts, walking paths, multiple playgrounds, a tennis court, two half-court basketball courts, pavilion and a parking lot.
To learn more about investing in a new home at Shodeen communities in Campton Hills and Elburn, visit shodeenhomes.com. Model and sales centers at Norton Lake and Elburn Station are open Monday, 10 a.m. to 5 p.m., Tuesday and Wednesday by appointment and Thursday through Sunday from 10 a.m. to 5 p.m.